Net Zero 2030: $500 Billion & costs have gone up 20%

In estimates I asked the CSIRO about their costing forecast methods in regard to converting to renewable energy.

In 2017 the CSIRO said it would cost $1 trillion dollars to convert the energy grid to 100% renewables. Then last year they claimed the costs had dropped by 50% or a lazy $500 billion despite rampart inflation. See link below.

Upon questioning they then said costs had risen 20% or $100 billion.

I mean seriously, if you tried this sort of numerical gymnastics on in the private sector you would be sacked.

Meanwhile Labor keep saying that renewables are cheaper, yet our own science agency can’t even maintain a consistent forecast.

Renewables are going to end up sending the country broke.

Further Reading

• https://alumni.csiro.au/technological-innovation-will-drive-change-in-australias-energy-system/

• https://www.spectator.com.au/2022/12/batteries-not-included/

Source – https://gerardrennick.com.au/net-zero-2030-500-billion-costs-have-gone-up-20